Management Information Circular — 2022

In accordance with Condition 5 of Order XG-N081-030-2017 for the Project issued by the National Energy Board (Board or NEB) on December 28, 2017, NGTL is posting the Commitment Tracking Table No. 3 for the Sundre Crossover Project. The reporting period for this submission is April 6, 2018 to July 5, 2018.

The reporting period for this submission is July 6, 2018 to October 5, 2018.

TC Energy Corporation today announced net income attributable to common shares for fourth quarter 2019 of $1.1 billion or $1.18 per share compared to net income of $1.1 billion or $1.19 per share for the same period in 2018. For the year ended December 31, 2019, net income attributable to common shares was $4.0 billion or $4.28 per share compared to net income of $3.5 billion or $3.92 per share in 2018. Comparable earnings for fourth quarter 2019 were $970 million or $1.03 per common share compared to $946 million or $1.03 per common share for the same period in 2018. For the year ended December 31, 2019, comparable earnings were $3.9 billion or $4.14 per common share compared to $3.5 billion or $3.86 per common share in 2018. TC Energy's Board of Directors also declared a quarterly dividend of $0.81 per common share for the quarter ending March 31, 2020, equivalent to $3.24 per common share on an annualized basis, an increase of eight per cent. This is the twentieth consecutive year the Board has raised the dividend.